Orlando Home Sales Slip in June, Yet Prices Still Rising

Orlando Regional Realtor Association | July 16, 2019

Orlando Home Sales Slip in June, Yet Prices Still Rising
According to the Orlando Regional Realtor Association, Orlandos housing market enjoyed year-over-year increases in both median price and inventory in June 2019, while home sales took a bit of a slide during the peak of our traditional homebuying season. We are expecting Junes 2% decline in sales to reverse itself in the coming months as families seek to close on their new homes before the start of the school year, says Orlando Regional Realtor Association President Jeffrey M. Fagan. In addition, we anticipate an eagerness to take advantage of favorable conditions such as falling mortgage rates and small-but-steady increases in the inventory of homes available for purchase in the Orlando area.

Spotlight

Due to a young population in their early household
formation years, low unemployment, strong
economic growth and a government supported
mortgage market, sustainable demand for housing
in Mexico is anticipated for years to come.

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Spotlight

Due to a young population in their early household
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in Mexico is anticipated for years to come.